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- Manlobbi
Personal Finance Topics / Macroeconomic Trends and Risks
No. of Recommendations: 0
https://finance.yahoo.com/news/us-services-gauge-f...
The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said Friday. The figure was weaker than all estimates in a Bloomberg survey of economists
Per Google AI the ISM represents 80% of the US economy.
We unofficially are entering a recession. This will get much worse. Get ready for depression word.
Google AI
in a reasonable dose....
The Institute for Supply Management (ISM) releases monthly reports that cover the manufacturing and services sectors, which together comprise the vast majority of the U.S. economy. While the services sector accounts for roughly 80% of the U.S. economy, the manufacturing sector, though smaller, is still considered a crucial indicator.
No. of Recommendations: 0
Per Google AI the ISM represents 80% of the US economy.
It is early here. Represents is a stronger word for it.
The service sector is 80%. The ISM is a larger sized part of the service sector......different corporations will get different results.
It is of little consolation that the ISM is not all of the service sector.
Things are getting much worse. Stay tuned.
No. of Recommendations: 2
Recession: 1.
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
I'm actually anticipating one, and these numbers are a leading economic indicator, but it's premature to call this drop a recession.
Jeff
No. of Recommendations: 0
Unofficial
As in we won't get out this with the current policies.
With the current policies quite the opposite. We are aimed at a depression.
No. of Recommendations: 3
"Google AI
in a reasonable dose...."
I like the way you posted a small, digestible snip from Google AI. If you think people will be interested in more detail you can post the URL bar address. Google seems to save all searches so that will return the entire Gemini answer.
Wendy
No. of Recommendations: 1
Wendy,
I have come to the common conclusion that AI is very faulty.
Kids aged 8 to 14 use the word "clanky" for AI and robots that do not function well. That is used across the board.
We worry kids won't know the difference? Ha, they get it better than we do.
Mixing threads with IP asking where....for cash....
I was looking at Credit Unions on Sunday with my dad. He gets it. Look up the Google AI results, but understand all the "facts" need double-checking elsewhere.
I looked up the average salary for my job 6 months ago. AI thinks I am paid a lot less. Go figure. Do employers get special treatment? Or is AI using outdated numbers?
By going to limited AI quotes, everyone can digest it. The importance of my adding my analysis matters more than quoting AI. An AI paragraph is a resource to say he is a starting data point without smudging the entire concept in the post with things going astray.
Credit Unions generally hold much less treasury paper. They have .60 loans to asset ratios, while private banks have .73 on average. Avoid any CU with only a small asset base. CUs fail when the managers are untrustworthy. Small asset bases are a problem.
